Resourcehouse slashes HK IPO price as markets falter

Reuters reports that Clive Palmer’s startup mining company, Resourcehouse, slashed the price for its Hong Kong IPO by up to 30 percent.

The market news is quoted as saying,

Resourcehouse, which is raising funds to develop a thermal coal project in Queensland and an iron ore project in Western Australia, was set to launch the IPO on Thursday last week but delayed it by four days without giving an explanation.

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